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It Was a Bad, Very Bad Week For Chinese Mining in Africa

Two of China’s largest and most important mining ventures in Africa encountered major problems this week. In Guinea, the government shut down the Sino-Australian joint venture to operate the massive Simandou iron ore mine, a major blow to Beijing’s ambitions to end its reliance on imported Australian ore. 

And then in the DRC, authorities reportedly issued a notice to the Chinese management that runs the massive TFM copper/cobalt mine to halt extraction and production.

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